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Anaheim City Council approves bond measure to help Sacramento Kings move to Honda Center

March 29, 2011 | 6:25
pm

The Anaheim City Council on Tuesday unanimously approved $75 million in privately backed bonds to "clear the path" for the NBA's Sacramento Kings' move to make the Honda Center their new home.

The bonds will be backed by three companies of Anaheim Ducks' owner Henry Samueli, and will be used to pay relocation fees the Kings will need to pay the NBA, along with improvements to the Honda Center, including NBA locker rooms and a practice facility in the city.

Anaheim Mayor Tom Tait called the meeting "historic" at its opening, adding, "it's a great day," for the city.

Tait said he was "thrilled" and "stoked" by the council's action, and council member Harry Sidhu said an NBA team's arrival will be "a great economic engine for all of us."